Onex Corporation said it has completed the acquisition of KidsFoundation Holdings B.V.
KidsFoundation is the largest childcare provider in the Netherlands. In total, the Onex Partners Group invested approximately $172 million, which includes capital from both Onex Partners IV and V.
Onex’ portion of the investment was $48 million as a Limited Partner in the Funds.
Onex said it will now begin accruing fees on Onex Partners V, with annualized private equity fees expected to increase by more than $50 million.